Using a standardized step-by-step procedure, we collaborated with a third-party consultant to prioritize ESG topics that have the greatest impact on our performance and that are of utmost importance to our stakeholders.
Define purpose and scope
Define what materiality means for our organization and be clear about our objectives and audience.
Identify potential topics
Create a long list of potential material topics, leveraging external frameworks such as the Global Reporting Initiative (GRI) Standards, Dow Jones Sustainability Index (DJSI), CDP and the UN SDGs.
Refine the long list of potential material topics by grouping them into categories.
Discuss with stakeholders each material topic in detail to understand its relevance, impact and importance to our business and stakeholders.
Prioritize material topics based on the strategic importance to the business, importance to stakeholders and the social, economic and environmental impact of each topic in the value chain, led by the ESG Task Force.
Key leaders review the results of the materiality assessment to validate the outcome and inform our ESG objectives and strategies moving forward.
Seek stakeholder feedback
Continue ongoing dialogue and engagement with our stakeholders to understand and address impacts, risks and opportunities.
We want to know what ESG topics matter most to our business and to our stakeholders. Through formal and informal methods, we reach out to our employees, leaders, suppliers, investors and other key stakeholders for feedback beyond the formal materiality assessment process. We listen so that we can be in a better position to understand and address impacts, risks and opportunities.
We will continue to foster an environment where we take the time to listen first, be present and make others feel welcomed, valued, heard and respected. We aim to demonstrate care and empathy in every interaction, consistently advocating for others, seeking out diverse perspectives and requesting input from all of our stakeholders.